| Industry | Investments |
|---|---|
| Founded | 1998 (as Asmak) |
Key people | Tahnoon bin Zayed al-Nahyan (Chairman) Syed Basar Shueb (CEO) |
| Revenue |  $16.4 billion USD (2023)[1] |
| $7.5 billion USD (2023)[1] | |
| Total assets | $455.043 billion USD (2023)[1] |
| Owner | Royal Group (60%) |
| Website | www.ihcuae.com |
The International Holding Company (IHC) is a holding company headquartered in Abu Dhabi, United Arab Emirates, which manages a diversified portfolio of domestic and foreign investments.[2][3] The conglomerate is said to have close ties to the Abu Dhabi ruling dynasty. The chairman of the company is Sheikh Tahnoon bin Zayed al-Nahyan, who also serves as the country's National Security Advisor and manages two sovereign wealth funds.[4]
The company is listed on the Abu Dhabi stock exchange and had a market capitalization of 240 billion US dollar in 2024.[5][4][6][7] After the Royal Group transferred 40 companies worth US$4.7 billion to IHC, the company's share price grew by 42,000% between 2019 and 2024, making it the second most valuable company in the Gulf States behind Saudi Aramco. This transformation coincides with Tahnoon bin Zayed al-Nahyan's time as Chairman of the Group. The majority of shares (around 60%) in the company are controlled by the Royal Group.[6]
- ^ a b c "International Holding Company". Market Screener. Retrieved 2024-03-18.
- ^ "Abu Dhabi's IHC to focus on domestic acquisitions as global economy slows". Reuters.
- ^ "Acquisitions drive 18% jump in 2023 revenue for International Holding Company". gulfnews.com. 2024-02-05. Retrieved 2024-03-19.
- ^ a b Hadeel Al Sayegh. "Abu Dhabi's IHC forms new company with assets set to exceed $27 bln". Reuters. Retrieved 2024-03-18.
- ^ Brown, Eliot. "A $236 Billion Stock-Market Enigma". WSJ. Retrieved 2024-03-19.
- ^ a b "The UAE business that went from obscurity to a $240bn valuation in 3 years". Financial Times. Retrieved 2024-03-18.
- ^ "UAE's biggest company is adding an AI-powered observer backed by Microsoft to its board". Fortune Asia. Retrieved 2024-03-19.
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